scenic picture from Washington state
SubjectsFinance › Implicit Price Deflator
Updated 10/30/2014

Implicit Price Deflator

Contents

Implicit Price Deflator Index for Personal Consumption Expenditures -- Base Year 2009

Quarterly Index and Cumulative Percentage Change1
Year 2013 2014
Quarter I II III IV I II III IV
Index2 106.949 107.072 107.517 107.787 108.153 108.775 109.113 0.000
Cum.% Change 0.115 0.531 0.784 1.126 1.591 0.311 0.000
Prev 12 Mo. % Change 1.013657 1.01147 1.01238 1.01044 1.01126 1.015951 1.01484 0.000

Source: Table 1.1.9. Implicit Price Deflator for Personal Consumption Expenditures.

1. Bureau of Economic Analysis (BEA) discontinued monthly publication of IPD June 2014.

2. The top row represents the preliminary and revised implicit price deflator (IPD) for personal consumption expenditures published by the Bureau of Economic Analysis (BEA) on a quarterly basis. The second row represents the cumulative percentage change in the preliminary or revised index from the second quarter. The third row represents the actual percentage change of the IPD over the preceding 12 months.

Historical Increases in the July Implicit Price Deflator for Personal Consumption Expenditures

Dates Percent
June 2013 to June 201411.591
June 2012 to June 201321.314
July 2011 to July 20121.295
July 2010 to July 20112.755
July 2009 to July 20101.539
July 2008 to July 2009-0.848
July 2007 to July 20084.527
July 2006 to July 20072.084
July 2005 to July 20063.419
July 2004 to July 20052.541
July 2003 to July 20042.387
July 2002 to July 20031.84
July 2001 to July 20021.16
July 2000 to July 20011.89
July 1999 to July 20002.61

Source: Table B-1 for years 1999-2013 and NIPA Table 1.1.9. for 2014 and beyond published by the Bureau of Economic Analysis

1. The Bureau of Economic Analysis uses anywhere from one to three decimal places
2. The rate of inflation is the percent change in the implicit price deflator for personal consumption expenditures published by the Bureau of Economic Analysis by September 25th of the year before the taxes are payable. The most recent publication available on September 25th was the August publication. The Washington State Department of Revenue has therefore established the use of the quarterly values to calculate the percentage change in IPD for taxes dues.

Need more information?

Feel free to Ask MRSC. Washington cities, counties, and our contract partners can call or email MRSC for more information and advice - free of charge.